Definition ∞ Data Veracity refers to the accuracy, truthfulness, and reliability of information, particularly within decentralized systems. In blockchain, it concerns the integrity of data recorded on the ledger and the trustworthiness of external data feeds utilized by smart contracts. Maintaining high data veracity is essential for the dependable and secure operation of decentralized applications.
Context ∞ The challenge of ensuring data veracity, especially for off-chain information consumed by smart contracts, represents a significant area of development in the blockchain space. News frequently highlights solutions like oracle networks, which aim to provide reliable external data. Addressing this aspect is a critical component for enhancing the utility and security of decentralized applications.
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